severance Quiz
Test your knowledge about severance with these trivia questions:
What historical event in the United States led to the establishment of severance pay practices in the private sector?
- The Great Depression
- World War I
- The Industrial Revolution
- The Civil Rights Movement
Which country was the first to mandate severance pay for employees by law?
In the context of severance, what does the term 'golden parachute' refer to?
- A financial safety net for employees
- A high compensation for executives upon termination
- A severance package for seasonal workers
- A government-funded unemployment benefit
Which famous labor leader advocated for better severance and unemployment benefits in the early 20th century?
- Samuel Gompers
- Cesar Chavez
- A. Philip Randolph
- Walter Reuther
What is the typical range of severance pay offered to employees in the United States?
- One week per year of service
- Two weeks per year of service
- One month per year of service
- Two months per year of service
Which of the following is considered a legal reason for severance pay in many countries?
- Voluntary resignation
- Business closure
- Job abandonment
- Retirement
What cultural approach to severance is commonly practiced in Scandinavian countries?
- No severance pay
- Extended unemployment benefits
- Generous severance packages with retraining provisions
- Immediate reemployment assistance
In which decade did the concept of severance pay gain significant traction in corporate America, particularly for executive positions?
According to a study by the International Labor Organization, what percentage of workers globally do not receive any severance pay upon termination?
Which of the following U.S. states has the most stringent severance pay laws?
- California
- New York
- Texas
- Massachusetts